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Tuesday, February 10, 2009

ICICI Prudential MF revises exit load for various equity schemes

With effect from 11 February 2009

ICICI Prudential Mutual Fund has approved revision in the exit load structure for all purchases made through Systematic Transfer Plan (STP) under ICICI Prudential Dynamic Plan, ICICI Prudential Discovery Fund, ICICI Prudential Services Industries Fund, ICICI Prudential Infrastructure Fund, ICICI Prudential Technology Fund, ICICI Prudential Child Care – Gift Plan, ICICI Prudential Power, ICICI Prudential Emerging S.T.A.R (Stock Targeted At Returns) Fund, ICICI Prudential Equity & Derivatives Fund – Wealth Optimiser Plan, ICICI Prudential FMCG Fund, ICICI Prudential Indo Asia Equity Fund and ICICI Prudential Focused Equity Fund, ICICI Prudential Banking and Services Fund and ICICI Prudential Growth Plan, with effect from 11 February 2009.

Accordingly, the above mentioned schemes will hereafter charge an exit load of 1.5% of the applicable NAV, if the amount, sought to be redeemed or switched out is invested upto one year from the date of allotment. exit load will be 1% of the applicable NAV, if the amount, sought to be redeemed or switched out, is invested for more than one year but upto two years from the date of allotment and nil, if the amount sought to be redeemed or switched out is invested for more than two years from the date of allotment.

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